President Trump's aggressive tariff strategy has led to a significant rise in federal revenues, but at what cost? While tariffs aim to boost American manufacturing, they also impose a regressive tax burden on consumers,

China was still closed and outside of the trading system. The largest developing country with manufacturing exports was Taiwan. When China joined the United Nations in October 1971, Taiwan was no longer listed in the reports on world trade in manufacturers.

The two nations have a chance for a reset. But both must recognize they remain mutually dependent.

U.S. President Donald Trump reiterated that Tehran would not be allowed to have a nuclear weapon.